EUR/JPY – 30M – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart layout is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

The combination Euro/Japanese Yen (EUR/JPY) goes from the bullish trendline downwards

A bearish movement down to the next support at 187.025 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 187.361 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

There is also a ‘3 Stars In The South’ candlestick pattern is found. The candles form ‘3 Stars In The South’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘3 Stars In The South’ going up is 86% (Bull Market) & 100% (Bear Market).

187.361 – 187.329 – 187.088 – 187.025 – 186.987 – 186.753 —
187.21500 – 187.16100 —
42.096479978302 – 42.254961627591 —
– —
187.361 – 1776798000

Trading Signals: FOREX – EUR – EUR/JPY – JPY – 3 Stars In The South – Rising Wedge Chart Pattern – – – – – – – –